Posted on 08/05/2024 5:58:57 AM PDT by C210N
I heard the yield curve might un-invert today too.
So, is it Black Monday yet?
Aka, 'Dead Cat Bounce'.
Watch out, that falling knife is VERY sharp.
Yeah and the NASDAQ was almost in circuit breaker territory in the premarket.
I think the market is pricing a 75% chance they were going to do a 50 basis point drop in September...unless they cut them now.
My read on this is that it began due to Yen traders and is rippling throughout world markets.
This could easily turn into a crisis, a ‘false flag’ of sorts if that’s what they intend.
But one thing is clear: Fed just lost one customer for “deficit dollars”…
Thanks for the reminder. Going out right now and filling my gas tank.
Probably a good day to buy Japanese stock if you know how.
There go all the market gains in the last 3 1/2 years.
Thanks for nothing Kamala.
JPNX is the ticker if you want it.
I am not economist, but I would think an emergency meeting about an overdue correction ( and its just 3% or so) might send the wrong message and end up causing more concern than this deserves.
We were due for a recession before COVID, and the one during COVID was pretty tame. This has been coming for years. It happens.
He dumped about half of his shares of Apple.
Berkshire Hathaway has been holding its largest cash position ever. Meaning he(they) correctly perceived that the entire market was OVERPRICED. That it was overdue for a correction.
Do not blame him for being right.
The Bank of Japan raised interest rates for the first time since 2007. This caused the value of the Yen to go up in comparison to other currencies like the US dollar. In simple terms this meant for 14 years you could borrow $100 dollars and at the end of the year repay $100.40 dollars. So, banks could borrow $10 Million US dollars worth of YEN and invest it in something like US Treasuries making 5.3 %. Basically, making 5% on someone else money. This has all changed.
So, big investors have to now sell the equities and repay the loan to the bank of Japan because of a margin call. Those investments could have been in stocks, gold, Bitcoin, US Treasuries, futures, basically EVERYTHING.
Hmm, seems like I remember the last global financial crisis was the last in a long chain of incredible “coincidences” that gave us a Leftist President.
Right, they’re gonna raid the till and let the chips fall where they may!
“..JPNX is the ticker if you want it....”
LOL...good luck trying to access online brokerage accounts right now.
Fidelity came up ok. Schwab is having a few “problems” right now.
Yep! They have to stop the onslaught before it gets out of hand. I’ve never seen the feds jump into the water so fast as they have this morning. If it would’ve been Trump they would’ve let it ride. These people are evil! Continue to pray that God removes the blinders of the people and see the demons behind the curtain.
Besides I have no bull in this game so let it sink!
Jump out the windows out and climb Mt. Everest back up.
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